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Prosper Gold Mobilizes Drill to the Wydee Project – Matachewan Ontario
VANCOUVER, British Columbia, Feb. 11, 2020 (GLOBE NEWSWIRE) -- Prosper Gold Corp. (“Prosper Gold” or the “Company”) (TSXV: PGX) announces that drilling will com
About this update from Prosper Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 11, 2020 (GLOBE NEWSWIRE) -- Prosper Gold Corp. (“Prosper Gold” or the “Company”) (TSXV: PGX) announces that drilling will commence at the Wydee Project (the “Property”). The first work follows up at the RQ8 target (previously called the Arcuate) with four diamond drill holes. The RQ8 target, an aeromagnetic low zone over syenite surrounded by mafic and intermediate volcanic rocks, was tested in 2017 with seven holes. Quartz veins up to 3m were intersected with the most notable result 7.74 g/t Au from 247-249m in S042. The intersection is a 2m quartz vein in an 8m section of anomalous gold in syenite quartz porphyry. “The discovery of mineralized quartz veins at the boundary between syenite and greenstone combined with the geological setting and magnetic data warrants additional drilling at the RQ8 target.” commented Peter Bernier, CEO. RQ8 Target The RQ8 is a 2 km long zone marked by a pronounced low in the total magnetic field and strong gravity, radiometric, and resistivity contrast that runs northeast between the Argyle, McGill and Sunisloe gold occurrences. The feature, roughly orthogonal to the volcanic sequence, terminates at its north over the west margin of a syenite stock. The 2017 drilling showed that the magnetic low reflects northeast trending 2.5 km long syenite terminated abruptly in the southwest by Abitibi greenstone across a sheared zone. The boundary between the syenite and greenstone is interpreted as of a steep dipping northwest trending sheared fault zone that bounds the greenstone. Drilling will test this interpreted faulted shear zone near the 7.74 g/t Au intersection. Prosper’s current drilling is on claims under option from O3 Mining Inc. (For details see the Company’s March 1, 2016 News Release) Qualified Person The technical information in this news release has been reviewed and approved by Dirk Tempelman-Kluit, PhD, P.Geo., VP Exploration and Director of the Company and a Qualified Person under National Instrument 43-101. About Prosper Gold Corp. Prosper Gold is a mineral exploration company with a portfolio of properties in Ontario and British Columbia. Prosper is currently focused on generating shareholder value through the advancement of its Ontario projects: the Wydee and Matachewan Projects along the Cadillac-Larder Lake Break. ON BEHALF OF THE BOARD OF DIRECTO...